Unlocking Loan Solutions

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

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In this episode, we explore the topic of Restricted Stock Unit (RSU) income and how it may be used towards mortgage qualification. We delve into the definitions, guidelines, and calculation methods used by Fannie Mae and Freddie Mac for this increasingly common form of compensation. We discuss:

• What are Restricted Stock Units (RSUs) and how do they work?
• Fannie Mae and Freddie Mac guidelines for using RSU income in mortgage qualification
• Differences between performance-based and time-based RSU vesting
• Documentation requirements for RSU income verification
• A scenario demonstrating RSU income calculations under different guidelines

Resources

• Fannie Mae Selling Guide - B3-3.1-09, Other Sources of Income - Restricted Stock Units and Restricted Stock Employment Income
• Fannie Mae Selling Guide - B3-3.1-01, General Income Information - Continuity of Income
• Freddie Mac Seller/Servicer Guide - 5303.1, Employed income
• Stockopedia - 200 day Moving Average

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© 2024 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

In this episode, we delve into non-US citizen borrowers. We'll discuss the different types of citizenship and residency, what may be required by the GSEs, and how different scenarios may be viewed by GSEs.

• What a non-US citizen and non-US citizen borrower is
• What may be required for verification
• Different types of citizenship and residency
• And how the GSEs may view different scenarios

Resources:

• Fannie Mae Selling Guide: B2-2-02, Non–U.S. Citizen Borrower Eligibility Requirements
• Fannie Mae: Non-Citizen Borrower Eligibility
• Freddie Mac Selling Guide: 5103.2 Permanent and nonpermanent resident aliens
• IRS Resident and Nonresident Alien Information
• US Department of State Visa Categories

Sign up for Radian National Training Updates
© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

• Watch the Video
• Download the Job Aid
• All episodes

In this episode, we explore the intricacies of business automobile mileage deductions as defined by the IRS and how these deductions impact the qualifying income calculations of a Schedule C Sole Proprietor Self-Employed borrower:

• What are business mileage deductions?
• Impact of vehicle depreciation on effective income
• Key factors affecting allowable depreciation
• Influence of mileage deductions on loan qualification
• Document requirements for loan qualification

Resources:

• Internal Revenue Bulletin: 2023-3
• Fannie Mae Selling Guide: B3-3.1-09, Other Sources of Income
• Freddie Mac Selling Guide: 5304.1, Stable monthly income and documentation requirements for self-employed Borrowers
• Radian's Self-Employed Cash Flow Analysis Calculator

Sign up for Radian National Training Updates
© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

June is National Homeownership Month - Radian Group's Jade Brown, Director, Diversity, Equity, and Inclusion & Justin Foster, SVP People Experience, discuss the unique first-time homebuyer market. In this engaging conversation, Jade & Justin will dive into different areas of today's housing market, many of which are impacting first-time homebuyers everywhere.

A few topics we will discuss include:

• Current market conditions
• Ever-changing homeownership rates
• Opportunities available to first-time homebuyers
• Resources available to you and first-time homebuyers to support their homebuying needs

Resources:

• https://guide.freddiemac.com/ci/okcsFattach/get/1002008_5
• https://selling-guide.fanniemae.com/Glossary/1045242151/Who-is-considered-a-first-time-homebuyer.htm
• https://www.radian.com/news-and-knowledge/home-buyer-resources
• https://www.homegenius.com/homebuyers-sellers
• https://www.homegenius.com/homebuyers-sellers/tools-education/homebuying-process/navigating-the-deal
• https://www.forbes.com/advisor/mortgages/safety-concerns-for-lgbtq-homebuyers/
• https://www.housingwire.com/articles/how-to-reach-the-growing-segment-of-hispanic-american-homebuyers-in-2023/

© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. The content presented is intended to convey general information and is for informational purposes only and does not constitute legal or accounting advice or opinions. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates

The Real Estate Owned (REO) market has been dormant for over a year due to foreclosure moratoriums and protections for homeowners impacted by the COVID-19 pandemic. As protections are lifted, will there be a post-pandemic flood of REO properties? Radian's Andrew Oliverson, VP, REO Operations, joins Rachel Stein, Director of Training Initiatives to discuss the current and future state of the REO market.

In this podcast, we will:

• Define key terminology, including REO, forbearance and moratorium
• Discuss how moratoriums impacted the REO and broader real estate markets
• Review statistics and expectations for the post-pandemic REO market

Resources:
REI INK – There be a Flood of Post-Pandemic REO Volume?

ATTOM – U.S. Foreclosure Activity Drops to 16-Year Low in 2020

Nolo.com – CFPB Finalizes a New Rule Restricting Mortgage Foreclosures Until 2022

Federal Reserve – The Effect of Mortgage Forbearance on House Prices During COVID-19

MBA – Share of Mortgage Loans in Forbearance Decreases to 3.23 Percent

© 2021 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. This communication is provided for use by real estate or mortgage professionals only and is not intended for distribution to consumers or other third parties. This does not constitute an advertisement as defined by Section 1026.2(a)(2) of Regulation Z. Radian Group Inc. and its parents, subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. The content presented is for informational purposes only and does not constitute legal or accounting advice or opinions.